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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Walsh who wrote (6996)	8/17/1998 12:39:00 PM
From: Randall E. Brubaker	Read Replies (1) \| Respond to of 14226

Bob: I like your conclusion, but isn't it a bit premature yet? I haven't seen any information on actual payments for the weekly shipments to Sabin. Also, just for the sake of keeping expectations under control, I note that over half of the $1010 per ton recently assayed was for Rhodium, for which they may not see any cash for three months according to time to process Rhodium in one of the press releases. For right now, I'd like to see cash figures for any of the four metals in the initial shipments. Randall

To: Bob Walsh who wrote (6996)	8/17/1998 5:56:00 PM
From: Bob Walsh	Read Replies (3) \| Respond to of 14226

To all - Status: - 4th shipment: going out in a day or two. - First payment from Sabin: probably due this week. - break even point: the break even point on cash flow is about $16,000 per week. Shipments to Sabin through this week and next will have been based on completely processing approximately 15 tons per week (4 days) which should yield about $6000 to $8000 per shipment. The shipment week after next should be based on completely processing approximately 30 plus tons per week which should yield about $12,000 to $16,000 (paid about 30 days thereafter). Thus GPGI may hit break even in about 45 days. - resin columns: the additional 4 resin columns (beyond the original 4) were delayed but are expected to be installed this week (the necessary tank and plumbing has been installed). To increase the resin columns beyond 8 will require the purchase of an additional tank for every 4 resin columns. - ball mill: the bearing has been ordered and may be in within a week. Since ore had previously been processed through the ball mill and stockpiled, the mill being out of commission has not slowed down total production. - Nobel Metals: they have returned any sludge and/or dore bars that they had to GPGI. - AuRIC: they still have not returned the sludge, dore bars and equipment to GPGI. Regards, Bob